Tecnoglass delivered record results for the third quarter 2026, with revenue growing 19.2% year-over-year to $310.6 million, exceeding analyst estimates. Growth was primarily fueled by a 30.9% surge in the multi-family and commercial segment, while the company’s expansion into vinyl and non-Florida markets helped sustain single-family residential gains despite significant currency and tariff headwinds.
Key Highlights
- Total backlog expanded 13.2% year-over-year to a record $1.43 billion, supported by the signing of the company's largest project to date after quarter-end.
- Gross margin compressed 860 basis points to 34.1%, with 580 basis points of the decline driven by the rapid appreciation of the Colombian Peso and a related $8.4 million non-cash inventory revaluation.
- SG&A expenses included $15.5 million in costs associated with Section 232 tariffs on finished aluminum window imports, contributing to a rise in SG&A to 23.8% of total revenues.